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Commodities - IG Client Sentiment


MongiIG

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Oil - US Crude IG Client Sentiment: Our data shows traders are now net-short Oil - US Crude for the first time since Nov 10, 2021 when Oil - US Crude traded near 80.51.

Oil - US Crude Client Positioning

NUMBER OF TRADERS NET-SHORT HAS INCREASED BY 6.69% FROM LAST WEEK.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Oil - US Crude

BULLISH

49.60%

50.40%

-13.33% Daily

-5.80% Weekly

10.69% Daily

6.69% Weekly

-2.69% Daily

0.11% Weekly

Oil - US Crude: Retail trader data shows 49.60% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Nov 10 when Oil - US Crude traded near 80.51, price has moved 1.92% lower since then. The number of traders net-long is 13.33% lower than yesterday and 5.80% lower from last week, while the number of traders net-short is 10.69% higher than yesterday and 6.69% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Oil - US Crude prices may continue to rise.

Our data shows traders are now net-short Oil - US Crude for the first time since Nov 10, 2021 when Oil - US Crude traded near 80.51. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bullish contrarian trading bias.

Jan 6, 2022 | Research, Research Team. DailyFX

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Silver IG Client Sentiment: Our data shows traders are now at their most net-long Silver since Dec 08 when Silver traded near 22.44.

Silver Client Positioning

NUMBER OF TRADERS NET-SHORT HAS DECREASED BY 31.87% FROM LAST WEEK.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Silver

BEARISH

96.15%

3.85%

2.72% Daily

6.67% Weekly

-17.42% Daily

-31.87% Weekly

1.76% Daily

4.39% Weekly

Silver: Retail trader data shows 96.15% of traders are net-long with the ratio of traders long to short at 24.95 to 1. Our data shows traders are now at their most net-long Silver since Dec 08 when Silver traded near 22.44. The number of traders net-long is 2.72% higher than yesterday and 6.67% higher from last week, while the number of traders net-short is 17.42% lower than yesterday and 31.87% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Silver prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Silver-bearish contrarian trading bias.

Jan 6, 2022 | Research, Research Team. DailyFX

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